REV expands Southeast United States footprint with recent acquisition
01 Agosto 2024 - 8:00AM
REV recently acquired a segment of Atlanta-based Wavefly
specifically serving MDUs/apartments, single-family residential
developments and senior living communities. With this acquisition,
the Gonzales-headquartered communications company expands its
footprint further into the Gulf Coast while adding Southeastern
communities in Georgia, North Carolina, and South Carolina.
“The MDU-serving segment of our company has been a fast-growing
segment for us – with most of it beginning right here in
Louisiana,” said Josh Descant, CEO of REV. “We’ve been fortunate to
earn the trust of some great Louisiana-based developers over the
past several years; positioning us very well to expand our reach
throughout the Gulf Coast.”
Prior to REV’s acquisition of this segment of Wavefly, the
broadband provider was already servicing 25 MDU properties across
Louisiana, Alabama and Florida. With this recently completed
acquisition, REV will be adding 39 additional MDU properties in
Southeastern communities.
“With demand for multifamily construction on the rise and the
trend of consumers leaning toward over-the-top streaming
entertainment options, it was clear to our team that the need for
our broadband internet services would soon intersect with an
increasing number of customers residing in MDUs – whether it was
empty-nesters downsizing or those prioritizing renting over
home-buying,” said Peter Louviere, CFO of REV.
Along with the company’s owners and leadership team, REV worked
with Layer 7 Capital who acted as the financial advisor for Wavefly
(the seller) to negotiate this recent acquisition.
About REVRebranded in 2022 – with the merging of three
local and storied telecom providers – REV is the combined parent
company of Reserve Telephone Company (RTC), EATEL/EATEL Business
and Vision Communications. The combined company, with nearly 250
years of collective communications service, operates as Louisiana’s
largest, locally owned, telecommunications network.
With over 5,000 miles of fiber and nearly 400 employees, REV
(and the organization’s suite of business services offered by REV
Business) connects more than 63,000 customers in their homes and
places of work.
For more information about REV and the provider’s new brand and
continued commitment to localism, please visit www.letsrev.com.
Jeremy Theriot - Director of Community Relations and Business Development
REV
225-315-8294
jeremy.theriot@letsrev.com